Worldquant Millennium Advisors LLC lifted its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 2,006.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,669 shares of the technology company's stock after purchasing an additional 35,881 shares during the quarter. Worldquant Millennium Advisors LLC owned about 0.09% of Tyler Technologies worth $21,721,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the stock. Adage Capital Partners GP L.L.C. boosted its stake in Tyler Technologies by 20.7% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 42,500 shares of the technology company's stock worth $24,507,000 after buying an additional 7,300 shares during the period. Kensington Investment Counsel LLC lifted its holdings in shares of Tyler Technologies by 0.8% in the 4th quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock worth $1,439,000 after acquiring an additional 20 shares during the last quarter. Barclays PLC boosted its stake in shares of Tyler Technologies by 2.5% during the 3rd quarter. Barclays PLC now owns 88,296 shares of the technology company's stock worth $51,543,000 after purchasing an additional 2,169 shares during the period. JPMorgan Chase & Co. grew its holdings in Tyler Technologies by 148.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock valued at $269,369,000 after purchasing an additional 275,511 shares during the last quarter. Finally, Swedbank AB raised its position in Tyler Technologies by 1.7% in the 4th quarter. Swedbank AB now owns 459,850 shares of the technology company's stock worth $265,168,000 after purchasing an additional 7,838 shares during the period. Institutional investors own 93.30% of the company's stock.
Tyler Technologies Stock Down 0.0%
NYSE TYL traded down $0.18 during midday trading on Monday, hitting $567.24. 181,225 shares of the company traded hands, compared to its average volume of 261,592. Tyler Technologies, Inc. has a 52 week low of $458.50 and a 52 week high of $661.31. The company's 50-day simple moving average is $561.52 and its 200-day simple moving average is $588.19. The company has a market cap of $24.46 billion, a PE ratio of 93.60, a price-to-earnings-growth ratio of 4.93 and a beta of 0.88. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21.
Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.78 EPS for the quarter, beating the consensus estimate of $2.56 by $0.22. The business had revenue of $562.43 million during the quarter, compared to analyst estimates of $556.45 million. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The company's quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.20 earnings per share. As a group, equities research analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.
Analysts Set New Price Targets
TYL has been the subject of several recent analyst reports. Truist Financial restated a "buy" rating and set a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. Piper Sandler dropped their price objective on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Needham & Company LLC reaffirmed a "buy" rating and issued a $750.00 price objective on shares of Tyler Technologies in a research report on Tuesday, May 13th. Barclays reduced their target price on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Finally, DA Davidson lowered their target price on shares of Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $687.82.
Read Our Latest Research Report on Tyler Technologies
Insider Transactions at Tyler Technologies
In other news, insider John S. Marr, Jr. sold 6,000 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the sale, the insider now directly owns 6,983 shares of the company's stock, valued at $4,322,477. The trade was a 46.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the completion of the transaction, the chief executive officer now owns 75,734 shares of the company's stock, valued at $46,772,561.06. This trade represents a 7.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,962 shares of company stock valued at $13,702,451 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.
About Tyler Technologies
(
Free Report)
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.
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